On March 15th, the Federal Energy Regulatory Commission (FERC) issued a decision stating that it would no longer allow MLPs to recover income tax allowances when determining cost-of-service rates on its FERC regulated pipelines. This is in response to the 7/1/16 decision by the D.C. Circuit U.S. Court of Federal Appeals in United Airlines, Inc. v. FERC which found that the FERC policy allowed shippers to double-recover income taxes. To learn more about this issue we will host a guest speaker call with energy lawyer J. Patrick Nevins from Latham and Watkins LLP on Monday 3/19 at 1pm EST.
Patrick Nevins is a partner in the Washington, D.C. office of Latham & Watkins and a member of the Energy Regulatory & Markets and Project Finance Practices. Mr. Nevins has more than 20 years of experience advising leading energy companies in the development of major infrastructure projects, administrative litigation, and high-stakes regulatory matters. Link to Patrick Nevins’ Full Bio.
Topics for Discussion
- Implications for current FERC regulated natural gas and oil pipelines.
- How will changes in income tax allowances affect existing pipelines and new build projects?
- The timeline and review process for existing pipelines, regulated under the Natural Gas Act, to prove that rates are just and reasonable.
- How might this FERC policy change affect oil and natural gas pipelines differently?
- What recourse do MLPs have to appeal the FERC’s decision?
- More broadly, what is the current FERC's attitude towards regulating the pipeline industry? How have policies changed during this administration, if at all?
- And more...
If you have any questions for Patrick, email them to and we will ask them on your behalf.
This will be an audio-only call. Call Dial-In Details are below.
Date and Time: Monday, March 19, at 1pm EST
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Confirmation Number: 13677865